Snapchat parent Snap came under selling pressure Thursday after a quarterly report showing a loss of one million users even as it grew revenues and narrowed losses.

The California group which operates the smartphone app popular with youth said revenue rose 43 percent from a year ago to $298 million in the third quarter, as it narrowed losses to $118 million from $325 million.

But the key figure of daily active users was 186 million, a drop of one million from the past quarter and a rise of just five percent from last year.

Snap shares slipped 5.4 percent in after-hours trade on the results.

Analysts say Snapchat has become the most popular social network among teens and young adults, but user growth has stalled as Facebook and its Instagram platform introduce services similar to those of Snapchat, known for its disappearing messages.